Estimate the annual cost of operating a KYC verification program across personnel, technology, external services, training, and remediation. The calculator separates recurring operating cost from one-time implementation work, adds contingency, and reports cost per covered item. It is a budgeting model rather than a statement of what any law requires, so scope and assumptions should be reviewed for the organization and jurisdiction.
First-year program cost combines ongoing KYC verification operations with the entered implementation effort and contingency. Recurring cost excludes the one-time implementation line so future-year budgeting is visible separately.
Avoid double counting shared staff or technology. This estimate does not determine compliance, required controls, or the value of avoided losses.
Personnel of $180,000, technology of $60,000, external services of $40,000, training of $15,000, and remediation of $30,000 total $325,000. With $120,000 implementation and 10% contingency, first-year cost is $489,500; annual recurring cost is $357,500.
Yes. Use fully loaded allocated labor so the estimate reflects resources consumed, not only vendor invoices.
No. It is included in the first-year result but excluded from recurring annual and monthly results.
Choose a consistent operational unit such as customers, verification checks, pages, digital assets, or applications in scope.
No. Spending is an input; effectiveness depends on governance, control design, execution, evidence, and applicable requirements.
Allocate only the defensible share used by the program and document the allocation method to avoid double counting.
| Variable | Meaning |
|---|---|
| Personnel | Loaded internal labor |
| Technology | Recurring systems and licenses |
| External services | Specialist and assurance support |
| Training | Role-based education |
| Remediation | Expected corrective work |
| Implementation | One-time setup or redesign |